The aerospace and defense firm secured a new contract from the U.S. government, lifting its shares.
Aevex stock climbed after the company announced a $41 million contract award from the U.S. government. The agreement marks a new defense program for the aerospace and defense manufacturer.
Further details about the contract’s scope or timeline were not immediately available.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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